60% of A/H share listed automakers reported year-on-year sales growth in April, with the new energy vehicle penetration rate surpassing 60% for the first time and exports continuing to grow significantly.

①In April, retail sales of new energy passenger vehicles reached 849,000 units, representing a year-on-year decrease of 6.8%. The penetration rate exceeded 60% for the first time, reaching 61.4%. ②In April, passenger vehicle exports (including complete vehicles and CKD) amounted to 769,000 units, marking an 80.7% year-on-year increase, continuing the robust growth trend. ③The market share of domestic brands remains strong, with traditional domestic automakers successfully transitioning. Meanwhile, export volumes have surged, driven by the dual engines of new energy vehicles and domestic brands, making overseas expansion a core growth driver.

cls.cn16:20

April saw both year-on-year and month-on-month declines in production and sales; CAAM notes that cumulative declines have narrowed further, but the domestic demand market still requires improvement and stimulation.

① Honda China stated that in April, Honda’s sales in China reached 22,595 units, a year-on-year decline of 48.28%. Specifically, for the joint ventures, GAC Honda's sales in April were only 5,100 units, representing a year-on-year drop of 72.42% compared to 18,491 units in the same period last year. This marks the second time within three months that the decline has exceeded 70%. ② Looking ahead to May, Cui Dongshu, Secretary General of the Passenger Car Association, believes that automobile production and sales in May are expected to continue the slow recovery trend observed in previous months.

cls.cn16:03

AI Drives New Supply-Demand Gap: Surge in Expansion at Packaging and Testing Facilities, but Lead Times for Some Equipment Exceed One Year

① “The procurement demand for advanced packaging and testing equipment has exceeded expectations, with an influx of orders causing upstream supply chains to experience backlogs.” ② Behind this trend, several packaging and testing companies have recently increased their capital expenditure budgets and are aggressively expanding production capacity.

cls.cn13:09

SMIC's $40.6 billion acquisition to be reviewed on the 11th.

According to the latest schedule, the M&A Restructuring Examination Committee of the Shanghai Stock Exchange convened the 5th M&A Restructuring Examination Committee meeting of 2026 today (May 11) to specifically review matters related to SMIC's issuance of shares for asset acquisition and the associated related-party transactions.

EETOP12:58

The Shanghai Composite Index broke through the 4,200-point mark, with the STAR 50 Index rising by 3%. The computing power hardware sector surged, while storage and GPU stocks experienced significant gains. Both the Hang Seng Index and Hang Seng Tech Index

The real estate sector remains active, with Hefei Urban Construction hitting the daily price limit. Jing Tou Development and Shanghai Industrial Development previously reached their daily price limits, while Shenzhen Properties A, Binjiang Group, China Merchants Shekou, and Sanxiang Impression followed with gains.

wallstreetcn10:02

Trends, Group Mentality, and Frenzy – A Guide to the 'Main Theme' Investment Approach in China's A-Share Market

The strategy research report system of SDIC Securities elaborates on the methodology for identifying key themes in the A-share market, proposing four major tools: macro narratives, industry trends, incremental capital, and style rotation. It emphasizes focusing on one or two tools while avoiding mixing them. From the perspective of incremental capital, 'all trends lead to抱团 (concentration),' with excess returns, valuation divergence, and incremental capital peaking sequentially serving as sell signals. Style rotation requires cross-verification of trading signals and logical signals.

wallstreetcnMay 10 19:45